Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO 
China Food Delivery Stocks Dip as Regulators Crack Down on “Ghost Deliveries” 
Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic 
J.P. Morgan Downgrades Essity AB on Rising Costs and Weak Earnings Outlook 
Tesla Q1 Earnings Preview: Robotaxi Delays and SpaceX Merger Speculation Grow 
Huawei Expands Vietnam Presence Through Strategic Partnership with SHB Bank 
Polymarket Seeks $400M Funding Round, Targets $15B Valuation Amid Prediction Market Boom 
Elon Musk Faces French Probe Over X and Grok Amid Rising U.S.-EU Tensions 
Florida Investigates OpenAI and ChatGPT Over Alleged Role in FSU Shooting 
SpaceX Eyes $60B Cursor Deal to Boost AI Power Ahead of IPO 
Indonesia and Toyota Explore $300M Bioethanol Investment to Boost Renewable Energy Goals 
Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges 
JAPEX Shares Drop as Middle East Tensions Drive LNG Costs and Production Risks 
Indian Refiners Use Yuan via ICICI Bank to Pay for Iranian Oil Under U.S. Sanctions Waiver 
Nidec Stock Rises After Accounting Probe Report Eases Delisting Concerns 
Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe 
Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs 
CLEVELAND, May 25, 2017 -- Lincoln Electric Holdings, Inc. (Nasdaq:LECO) today announced that it has promoted Steven B. Hedlund to Executive Vice President and President of the International Welding segment. In this role, Hedlund will lead the European (Europe, Middle East, Africa and Russia) and Asia Pacific regions’ day-to-day operations and oversee the implementation of all strategic, operational and commercial initiatives. He will continue to serve as a member of the management committee. Hedlund succeeds Mathias Hallmann, who has decided to leave the Company to pursue other interests.
Hedlund most recently served as Senior Vice President and President of Global Automation. He joined the Company in 2008 as Vice President, Strategy and Business Development where he led strategic planning and acquisitions. Previously, he was with Fortune Brands, Inc. and at Booz Allen & Hamilton. He earned a bachelor’s degree and an MBA from Dartmouth College.
“I am pleased to announce Steve’s promotion to this role,” said Christopher L. Mapes, Chairman, President and Chief Executive Officer. “Steve’s extensive experience, process-driven approach and achievements in advancing our automation strategy will help drive the International Welding segment’s next phase of growth and development with Air Liquide Welding.”
About Lincoln Electric
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 47 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric and its products and services, visit the Company’s website at www.lincolnelectric.com.
Contact Amanda Butler Director, Investor Relations Tel: 216.383.2534 Email: [email protected]
